GB
Beta

Connecticut vs Iowa Budget FY2023

Spending, revenue and category allocations compared side by side.

Export

Key Budget Metrics โ€” Connecticut vs Iowa

Total Expenditure

Connecticut

$42.6 billion

Iowa

$29.6 billion

Connecticut is 44.1% higher
General Fund

Connecticut

$22.2 billion

Iowa

$8.2 billion

Connecticut is 170.2% higher
Total Revenue

Connecticut

โ€”

Iowa

โ€”

Not comparable
General Fund Revenue

Connecticut

$22.8 billion

Iowa

$9.8 billion

Connecticut is 131.8% higher
Rainy Day Fund

Connecticut

$3.3 billion

Iowa

$902 million

Connecticut is 267.6% higher
State GDP

Connecticut

$376.5 billion

Iowa

$277.1 billion

Connecticut is 35.9% higher

Receipts & Expenditure Comparison

ParticularsConnecticutIowaDifference
Total Expenditure (all funds)$42.6 billion$29.6 billion+44.1%
General Fund Expenditure$22.2 billion$8.2 billion+170.2%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$22.8 billion$9.8 billion+131.8%
Rainy Day Fund$3.3 billion$902 million+267.6%
State GDP$376.5 billion$277.1 billion+35.9%

Connecticut per resident

$11,563

Iowa per resident

$9,137

Connecticut โ€” Spending Composition

Iowa โ€” Spending Composition

Category-wise Allocation โ€” Connecticut vs Iowa

CategoryConnecticutIowaDifference
1. All Other
$17.0 billion
$6.6 billion
+155.6%
2. Medicaid
$10.1 billion
$7.8 billion
+29.2%
3. Higher Education
$4.1 billion
$7.5 billion
-45.3%
4. K-12 Education
$6.4 billion
$4.7 billion
+35.0%
5. Transportation
$4.2 billion
$2.4 billion
+75.3%
6. Corrections
$895 million
$496 million
+80.4%

Compare Another Fiscal Year

FY2025FY2024FY2023FY2022FY2021

Understanding This Comparison

State budgets are compared on an all-funds basis โ€” the total across the general fund, federal grants, and dedicated state funds. This is the fairer measure, because states differ widely in how much they route outside the general fund. The general fund row shows the discretionary portion that state legislatures actually debate.

Fiscal years differ between states: most run July to June, Alabama and Michigan run October to September, and New York runs April to March. Figures labelled with the same fiscal year therefore cover slightly different periods.

Definitions for every term used here are in the US budget glossary. To compare across countries, see India budget comparisons.

Explore more budget data

Browse all 50 state budgets, the federal budget across every fiscal year, or build a different comparison from the compare page.